Astor Group’s subsidiary Mikroponent is strengthening its position in the Swedish defence industry through the acquisition of PBH Teknik

About this update from Scandinavian Astor Group Ab

Scandinavian Astor Group AB (publ) (”Astor Group” or the ”Company”) announces today, 2 July 2026, that its subsidiary Mikroponent AB (“Mikroponent”) is expanding its production capacity in Sweden through the acquisition of PBH Teknik AB (“PBH Teknik”). The acquisition strengthens Mikroponent’s offering in advanced CNC milling and high-precision manufacturing, whilst enabling Astor Group to establish a stronger presence in Karlskoga – one of Sweden’s most important clusters for the defence industry. PBH Teknik brings specialist expertise, high profitability and long-standing customer relationships, creating favourable conditions for continued growth. The purchase price amounts to SEK 88.2 million on a cash- and debt-free basis, subject to customary adjustments. Of the purchase price, 75 per cent will be paid on completion, with the remainder constituting a performance-based earn-out payable over three years. The acquisition is being financed through existing cash reserves and an acquisition loan and is expected to be completed by 1 September 2026 at the latest.The rationale for the acquisition includes:Strengthening Mikroponent and Astor Group’s capabilities and offering within advanced CNC milling and high-precision manufacturing, with particular expertise in complex components subject to stringent requirements regarding tolerances, quality and delivery reliability.Establishing Astor Group in Karlskoga and increasing the Group’s exposure to the structurally growing defence industry, where PBH Teknik has a strong position and long-term customer relationships.Adding a profitable and scalable business with well-invested machinery, high technical expertise and clear development potential under Mikroponent’s industrial ownership.“The acquisition of PBH Teknik is a clear step in our strategy to build a stronger industrial platform with increased exposure to the growing defence industry. PBH Teknik has a strong position in Karlskoga, high technical expertise and close relationships with strategically important customers. Together with Mikroponent, we are strengthening the Group’s ability to deliver advanced components that meet high standards of quality, precision and delivery reliability,” says Martin Elovsson, CEO of Astor Group.Mikroponent and PBH Teknik are complementaryMikroponent is a leading Swedish manufacturer of high-precision components and subsystems...

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